AVIATION: The Wayward Avitruc

A plane contract, which has been up in the air since the Kaiser Motor Co. lost it. finally came down to earth last week on a broad Maryland runway. Fairchild Engine & Airplane Corp. of Hagerstown, Md. won the contract for 165 twin-engined Chase C-123 Avitruc transports by underbidding four other companies. Its bid, 10% under its nearest competitor, was close to the original Air Force estimate of $276 million for the big, potbellied assault transports.

The order was a double victory for Fairchild and its president, Richard S. Boutelle, 55. It meant...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!